Trump said on the phone that a quick peace agreement is better than a ceasefire, and Putin wants to reach a comprehensive agreement to end the war, according to Axios.

This political drama directly affects global market sentiment. If Russia and Ukraine reach an agreement, risk assets will surely rebound significantly, and crypto as a hedge alternative will surge.

Combined with the news that the Ukrainian president met Trump on Monday, there may be big news this weekend.

In my opinion, BTC and ETH will ride the wave up, targeting $117k and $4500, but if talks break down, a liquidation wave will come again. Everyone should not go all in; keep some cash to wait for the dip.